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this is the american dream. come here, work hard, but don't get rewarded. work hard to make someone else's life more livable. that's charity. there is no incentive for success in our country. this is why we are getting destroyed in the global market.
this is the american dream. come here, work hard, but don't get rewarded. work hard to make someone else's life more livable. that's charity. there is no incentive for success in our country. this is why we are getting destroyed in the global market.
I agree. I think there are many people who are big earners who do very little for the proportion of the money that they get.
They are the lazy rich.
Like the managers at AIG who took that hiatis for four hundred thou while accepting the largess of the taxpayers to bail them out.
Like American auto companies, top heavy, old thinkers who do not adjust to the market place needs but continually go for the fast buck.
We bailed them out, too, and shortly after Moody's downed their rating.
I guess we did not vet them properly when we gave them money.
They were 'old boys', after all. The Japanese run rings around our guys and their top management make a small fraction of what ours do.
The difference, they CARE about the consumer.
Yes, many of our corporate heads are lazy and do not do what they are getting paid for and deserve to be fired. Maybe when their companies go into bankruptcy they will be forced into new management and some sort of a viable game plan.
Everyone should pay the same tax rate and everyone should be paying taxes.
It is not right for the successful people to pay the burden for the rest of us.
That is not right and it is not fair.
I agree with your first statement; but if a flat tax was used, at say 20%, that would be a tax INCREASE on the very wealthy. They are around 17% (typically) right now. The flat tax is fair, but it will mean that the wealthy will pay an even higher percentage of the actual $$$ of the total tax bill.
I always go back to the Warren Buffet challenge. He's a smart man, trustworthy enough to be mentioned by BOTH candidates as a potential Fed Reserve chairman. So read his words carefully.
Evan Frisch: Warren Buffett's CEO Challenge | BuzzFlash.org (http://www.buzzflash.com/articles/contributors/1410 - broken link)
That's the ugly truth. Why should an employee earning $45K pay 28%-32% of the total money he/she earns, while people bringing in 10 million + are only having to pay 17% of the money they earn? That is what is unfair, and that's our current system.
Either way, the fair way or the unfair way, the wealthiest 1-5% will always be paying a higher percentage dollar-wise of the whole tax bill. Furthermore, our past policies have clearly had the effect of stratifying the economy -- the wealthiest few getting wealthy, and the poorest few getting poorer. This enhances whole effect described above, and makes it even easier for people to keep making the argument that somehow the rich are overburdened because they pay XX% percent of the total country's tax bill.
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